Devry BUSN 380 Week 1 Quiz Latest

1. Devry BUSN 380 Week 1 Quiz Latest Just Click on Below Link To Download This Course: https://www.devrycoursehelp.com/product/devry-busn-380-week-1-quiz-latest/ Or Email us help@devrycoursehelp.com Devry BUSN 380 Week 1 Quiz Latest Devry BUSN380 Week 1 Quiz Latest 2016 Jan. 1. 1.Question : (TCO 1) A(n) _____ summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities. insurance prospectus statement budget investment forecast financial plan Question 2. Question : (TCO 1) In financial planning, a major activity component involves the allocation of current resources for spending. evaluation of investment alternatives. evaluation of one’s career. selection of insurance coverage. establishment of credit. Question 3. Question : (TCO 1) Higher interest rates can be caused by increased saving and investing by consumers.

2. an increase in the money supply. a decrease in consumer borrowing. lower government spending. a lower money supply. Question 4. Question : (TCO 1) The _____ refers to stages that an individual goes through based on age, financial needs, and family situation. financial planning process financial cycle adult life cycle personal economic cycle tax planning process Question 5. Question : (TCO 1) The future value of an account in which $2,000 is deposited each year for 5 years, and which earns 4%, is approximately _____ after 5 years. $2,000 $2,400 $10,000 $400 $10,800 Question 6. Question : (TCO 1) Higher employment levels can be attributed to lower consumer prices. reduced employment levels. lower interest rates.

3. higher employment levels. increased consumer spending. Question 7. Question : (TCO 1) When it comes to the financial planning process, the first step is to develop financial goals. implement the financial plan. evaluate and revise your actions. analyze your current personal and financial situation. create a financial plan of action. Question 8. Question : (TCO 1) The simple calculation of interest can be performed by multiplying the amount in a savings account by the annual interest rate. annual interest rate and the time period. number of months in a year. time period and number of months. time period. Question 9. Question : (TCO 1) Brad Opper has a goal of “saving $50 a month for vacation.” Brad’s goal lacks a realistic perspective. specific terms. the type of action to be taken. a purpose. a time frame. Question 10. Question : (TCO 1) _____ risk refers to the changing cost of money.

4. Monetary Inflation Economic Personal Interest rate Question 11. Question : (TCO 1) You want to determine the current value of an annuity that pays $350 a month for the next 5 years. What type of calculation would provide you with this value? Future value of a single amount Simple interest Present value of a single amount Future value of a series of deposits Present value of a series of deposits Question 12. Question : (TCO 1) A commitment to a profession that requires continued training and offers a clear path for occupational growth is a(n) apprenticeship. internship employment. cooperative employment experience. career. Question 13. Question : (TCO 1) In order to evaluate one’s current financial position (including net worth), the best tool that can be used is a

5. budget. cash flow statement. bank statement. time-value-of-money report. balance sheet. Question 14. Question : (TCO 1) A _____ résumé would best be used by an employee who has worked in many fields and has a variety of skills in a variety of work-related categories. targeted goal-oriented chronological functional career change Question 15. Question : (TCO 1) A _____ résumé is designed to obtain a specific job. functional chronological goal-oriented targeted data Question 16. Question : (TCO 1) Which of the following would be a competency commonly associated with successful people? An ability to work well with others in a variety of settings A desire to do tasks better than they have to be done

6. An ability to solve problems creatively in team settings Well-developed written and oral communication skills All of the above Question 17. Question : (TCO 1) Cash and other items that are easily converted to cash are referred to as _____. quick assets working assets liquid assets investments solvent items Question 18. Question : (TCO 1) A savings amount of $3,500 on deposit for 4 years at 4% interest (compounded annually) would earn about $ 650. $ 600. $560. $140. $350. Question 19. Question : (TCO 1) Solvency can be assessed through the analysis of the following financial document. Cash flow statement Debt consolidation statement Personal income statement

7. Credit report The balance sheet Question 20. Question : (TCO 1) Which of the following situations best represents an individual facing insolvency? Assets $30,000; liabilities $37,000 Assets $78,000; net worth $22,000 Liabilities $45,000; net worth $6,000 Assets $56,000; annual expenses $60,000 Annual cash inflows $45,000; liabilities $50,000 Download File Now